SINGAPORE (Nov 7): EC World Asset Management, the manager of EC World REIT, has declared a 3Q18 DPU of to 1.57 cents, 9% higher than the 1.44 cents declared in 3Q17.

Distributable income saw a 10% increase to $12.4 million from $11.3 million a year ago.

During the quarter, gross revenue remained flat at $23.9 million as compared to last year, mainly due to contribution from the REIT’s newly acquired Wuhan Meiluote, but was partially offset by a weaker RMB.

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